Updated May 11, 2026
Hirshmark Capital Provides $3.7M Construction Loan For Prospect Heights Multifamily
186 Saint Marks Avenue
$3,700,000
$797/SF
Building Size
4,640 SF
Asset Type
MultiFamily
Closing
Nov 15, 2022
About this deal
AI
The multifamily property located at 186 St Marks Avenue in Prospect Heights, Brooklyn, has recently undergone a transaction. The loan, provided by Hirshmark Capital, was obtained by Aran Scott, the landlord of the property. The deal was facilitated by Vincent Sarnelli of Hirshmark Capital as the broker representing Aran Scott.
Summary of transaction details:
- Property Type: Multifamily
- Loan Amount: $3,700,000
- Loan Type: Construction
- Address: 186 St Marks Avenue
- Market: Prospect Heights, Brooklyn
The loan amount of $3,700,000 was provided by Hirshmark Capital to Aran Scott for the multifamily property located at 186 St Marks Avenue. Vincent Sarnelli, representing Hirshmark Capital, played a key role in facilitating the deal as the broker involved in the transaction.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93